Highland Capital Management LLC Buys 8,081 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Highland Capital Management LLC significantly increased its ownership in Palantir Technologies by 44.9%, acquiring an additional 8,081 shares, bringing its total holdings to 26,068 shares valued at approximately $3,554,000.
• Palantir reported a quarterly earnings per share (EPS) of $0.16, surpassing analysts' expectations of $0.14, alongside a robust revenue of $1 billion, up 48.0% from the previous year’s quarter.
• Several institutional investors are showing confidence in Palantir, with 45.65% of the company's stock owned by institutional investors, while the consensus rating from analysts remains a cautious "Hold" with an average price target of $140.22.

Highland Capital Management LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 44.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,068 shares of the company's stock after purchasing an additional 8,081 shares during the period. Highland Capital Management LLC's holdings in Palantir Technologies were worth $3,554,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Carolina Wealth Advisors LLC grew its holdings in Palantir Technologies by 996.0% during the second quarter. Carolina Wealth Advisors LLC now owns 822 shares of the company's stock valued at $112,000 after purchasing an additional 747 shares during the period. MBL Wealth LLC bought a new stake in Palantir Technologies during the second quarter valued at about $234,000. Sutton Place Investors LLC bought a new stake in Palantir Technologies during the second quarter valued at about $269,000. Realta Investment Advisors grew its holdings in Palantir Technologies by 52.9% during the second quarter. Realta Investment Advisors now owns 38,692 shares of the company's stock valued at $5,274,000 after purchasing an additional 13,392 shares during the period. Finally, Wealthcare Capital Partners LLC grew its holdings in Palantir Technologies by 56.2% during the second quarter. Wealthcare Capital Partners LLC now owns 4,349 shares of the company's stock valued at $593,000 after purchasing an additional 1,564 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $173.07 on Friday. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00. The stock's 50 day simple moving average is $168.90 and its two-hundred day simple moving average is $136.98. The company has a market cap of $410.58 billion, a PE ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock valued at $244,676,722. Company insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Bank of America upped their price objective on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. UBS Group reaffirmed a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $140.22.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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